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DWS Strategic Municipal Income Trust (NYSE: KSM) Declared a Capital Gains Distribution

^{Published on 2010-12-06 14:05:15 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--DWS Strategic Municipal Income Trust (NYSE: KSM) declared a capital gains distribution of $0.0587 per common share, payable on January 12, 2011 to shareholders of record on December 31, 2010. The ex-date is December 29, 2010. This distribution will consist of Long Term Capital Gains of $0.0454 per share and Short Term Capital Gains of $0.0133 per share. The Fund has both common and preferred shares outstanding. In accordance with a position taken by the Internal Revenue Service, the Fund is required to allocate a proportionate share of distributions designated as taxable to both the common and preferred shares.

Future earnings cannot be guaranteed and the Funda™s distribution policy is subject to change. For more information on KSM visit [ www.dws-investments.com ] or call (800) 349-4281.

DWS Strategic Municipal Income Trust (KSM) is subject to investment risk. Bond investments are subject to interest-rate and credit risks. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Leverage results in additional risks and can magnify the effect of any losses. Although the fund seeks income that is federally tax-free, a portion of the funda™s distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to the net asset value. The price of a funda™s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, a fund cannot predict whether its shares will trade at, below or above net asset value.

Past performance is no guarantee of future results.

Investments in funds involve risk. Some funds have more risk than others. These include funds that allow exposure to or otherwise concentrate investments in certain sectors, geographic regions, security types, market capitalization or foreign securities (e.g., political or economic instability, which can be accentuated in emerging market countries).

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

NOT FDIC/ NCUA INSURED a MAY LOSE VALUE a NO BANK GUARANTEE
NOT A DEPOSIT a NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

DWS Investments is part of Deutsche Banka™s Asset Management division and, within the US, represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company. (R-4469-312/10)